Telangana Extends EBS To Commercial Properties

In a move that would augment the depleted coffers of the Telangana government, the municipal administration and urban development department (MAUD) has decided to extend the early bird scheme (EBS) to commercial properties as well. The scheme offers 5% rebate on property tax to commercial establishments. So far, EBS for the year 2020-21 was applicable only to residential properties. After the offer was rolled out to commercial properties, GHMC is expecting a huge hike in property tax collection. “As per our estimates, we will cross the Rs 500 crore mark this year too as the offer is extended to commercial properties,” said a GHMC official.